The average price per square foot for new condiminiums in Downtown San Diego has almost doubled between 2000 and 2007. At the end of 2007, the average price for new condiminiums in Downtown was $600,038 or $587 per square foot. The $587 per square foot figure is a slight decline from the peak of $593 in 2006 but still higher than 2005.

Currently, if you were to look at the toatl availability of unsold unit downtown that are in buildings that are either completed or under construction, the total would be 1,696 units. Of that total, 694, or 40% are units in the buildings that are under construction and won’t be delivered untill 2009.